Friday, November 2, 2018

November, 2018, Part 2,Political Class Insanity: Why Our Election Processes Are Broken And Why Next Week's Election Results Really Do Not Matter

It is another month which means it is again time to review the latest political class insanity from Washington and around the world. Political class insanity takes many forms including the wasting of taxpayer wealth, criminal fraud within government programs, inane and stupid political quotes and actions, the inability to create and implement effective and efficient government programs, stupid and ill performing economic policies and strategies, and other forms of insanity that continue to evolve and surprise and shock us.

Just a single topic today: why next week’s elections really do not matter:

If you are like me, you are very, very tired of this midterm elections cycle. Unrelenting political campaign advertising, mudslinging and attack ads like it has never been before, and very, very little discussion of the issues and plans to resolve those issues. 

And it is not just our imagination that this time around it has been intense and non stop. According to the Center For Responsive Politics, a disgusting $5.2 billion will be spent during this election cycle. This is a whopping 35% more than what was spent during the last midterm election cycle, the biggest percentage increase in over two decades and far more than what has ever been spent.

How much is $5.2 billion:
  • If you had spent a $1,000 a day since the day Christ was born you still would not have spent a billion dollars, never mind $5.2 billion.
  • With $5.2 billion you could hire and pay an additional 8,821 teachers for ten years to better educate our kids.
  • With $5.2 billion you could hire and pay an additional 8,713 police officers for ten years to better protect us from criminal activity.
  • With $5.2 billion you could put 43,000 homeless U.S. families into an average apartment for ten years.
  • With $5.2 billion you could purchase 173 million Naxolone kits to help fight the overwhelming opioid drug addiction problem in this country, a problem that kills thousands every year.
  • With $5.2 billion you could spend more than what the American Cancer Society has spent on cancer research since 1946, $4.6 billion.
  • With $5.2 billion you could increase the annual amount of Alzheimer's/dementia research being done by the Alzheimer's Association by 47 fold.
Instead, society will spend $5.2 billion to elect a majority of people who are inept, ineffective, cowardly, and greedy. We will reelect many, many incumbents who have been in office for decades, who have done nothing to resolve the major issues facing Americans today. We will elect people who somehow will leave office in the future far richer than when they went into office, an increase in wealth that cannot be attributed to the salaries collected while in office.

We have allowed the political class to divide us, divert our attention, and fight each other while they slip into lucrative positions that require little work, little success, and whose prime objective is raise money to stay elected. Politics in this country is no longer a means to an end, getting and staying elected is now both the means and the end, issues of the day be damned.

Because at the end of election day, regardless of who wins, that $5.2 billion will be spent but no American will have more and better teachers, more police protection, a better chance at surviving a drug overdose, or avoiding and surviving a crippling disease.

But in reality, that $5.2 billion is nothing more than a nit on a gnat’s ass. Between $82 TRILLION in unfunded Social Security and Medicare liabilities, an ever growing national debt of almost $22 TRILLION, and unfunded state government pension liabilities of $7 TRILLION, the American political class has dug a debt hole for us of $109 TRILLION. The longer that debt gets ignored, the more painful the solution will be. 

Within 5-10 years, that debt load will crush current and future Medicare and Social Security benefits for the seniors in our society, will put a massive new tax burden on our kids and grandkids, and will endanger our very democracy. And I can almost guarantee you that whoever wins their election on election day will be incapable, unwilling, or too cowardly to address the problem. Have a great day!

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